Currency futures closed Friday mixed as investors assessed remarks from Fed Chair Jerome Powell. The euro fell, while the yen weakened against the dollar. Powell indicated the possibility of another rate hike if inflation persists above the target. The yen held near a one-year low against the dollar, and investors remained cautious about a potential Read More…
On Friday, currency futures rallied as the dollar dropped to a six-week low due to disappointing job creation data. The jobs report reinforced expectations that the Federal Reserve would likely keep interest rates stable at its December meeting. The greenback was down 1.4% for the week, marking its worst weekly performance since July. US employment Read More…
On Friday, currency futures gained on the dollar as US inflation data failed to surprise. Despite recent positive US economic data, the dollar has struggled to make significant gains after substantial increases in the July-September period. US core PCE price index (Source: Bureau of Economic Analysis) The personal consumption expenditures price index increased 3.4% in Read More…
Currency futures ended slightly higher on Friday as the dollar weakened on reduced bets for a Fed rate hike in December. ING analyst Francesco Pesole noted that the dollar was not benefiting as much as it should from strong US data and its high rate advantage, likely due to its overbought status. The dollar weakened Read More…
Currency futures were on the back foot on Friday as the US dollar reached a one-week high amid expectations of Fed hawkishness. Robust US inflation data reinforced expectations that the Federal Reserve might need to maintain higher interest rates for longer. In September, the consumer price index (CPI) increased by 0.4%, keeping the annual rate Read More…
On Friday, currency futures gained as the US dollar declined slightly against various currencies after the latest jobs report. The report indicated a widespread increase in US hiring for September but also highlighted a deceleration in wage growth. For the week, the dollar index experienced a 0.1% decrease, ending an 11-week streak of gains. This Read More…
